Wabco Holdings (WBC) Tops Q1 EPS by 16c, Beats on Revenues; Boosts FY18 EPS Outlook
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WABCO Holdings (WBC) PT Raised to $166 at RBC Capital
April 20, 2018 8:58 AM EDTRBC Capital raised its price target on WABCO Holdings (NYSE: WBC) to $166.00 (from $165.00) while maintaining an Outperform rating following Q1 results.
Analyst Seth Weber commented, "WBC is our favorite growth story, with scarcity value in markets with secular tailwinds, including the evolving autonomous... More
Lost home, fees for the dead - Australia banking inquiry hears testimony
April 18, 2018 7:31 PM EDTBy Paulina Duran
SYDNEY (Reuters) - An Australian inquiry into the financial services sector heard tearful testimony on Thursday from a nurse who lost her home after taking advice from a major lender, and that the country's biggest bank knowingly charged dead clients for counsel.
The testimony was among the most personal yet at the Royal Commission that has already resulted in startling admissions of bad behavior by firms. Government data prepared for the inquiry shows over 80,000 consumers have been given bad advice over the past decade, costing them a total A$5 billion ($3.89 billion).
Coverage of the... More
Australia says banking executives responsible for misconduct could face jail
April 17, 2018 11:44 PM EDTBy Paulina Duran
SYDNEY (Reuters) - Australian Treasurer Scott Morrison warned that financial sector executives responsible for widespread breaches of corporate law could face jail, as a powerful judicial inquiry heard more evidence of misconduct by the country's top financial institutions.
Morrison's comments on Wednesday were made after executives at AMP Ltd (NYSE: AMP), Australia's largest wealth manager, admitted a day earlier it had lied to the corporate regulator for almost a decade to cover up its practice of charging thousands of customers for services they did not provide.
In further... More
WABCO Holdings (WBC) PT Raised to $183 at Baird, Elevated to Fresh Pick
April 17, 2018 7:52 AM EDTBaird raised its price target on WABCO Holdings (NYSE: WBC) to $183.00 (from $182.00) while maintaining a Outperform rating.
Analyst David Leiker comments "We believe Q1 EPS upside and better appreciation for secular growth (WABCO less reliant on US Class 8) can drive a... More
